402 39th St, Lubbock, TX 79404

This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is offered at approximately 75% of market value and comes with a steady, reliable tenant paying $1,000/month through a state-funded program—providing guaranteed rent income. The lease includes all utilities, making this an "all-bills-paid" property; even with that extra cost, the yield remains well above the 1 % rule. The owner has invested heavily—over $12,000—in cosmetic upgrades, new mini-split HVAC units, and a new roof. This property delivers security, ease of management, and a stable return with upside potential in rent structuring or future lease adjustments.